The Carlyle Group Inc. (NASDAQ:CG) Shares Sold by Jeppson Wealth Management LLC

Jeppson Wealth Management LLC reduced its stake in shares of The Carlyle Group Inc. (NASDAQ:CG) by 2.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,619 shares of the financial services provider’s stock after selling 720 shares during the quarter. Jeppson Wealth Management LLC’s holdings in The Carlyle Group were worth $1,344,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Sei Investments Co. boosted its holdings in shares of The Carlyle Group by 27.0% in the second quarter. Sei Investments Co. now owns 43,403 shares of the financial services provider’s stock valued at $1,741,000 after acquiring an additional 9,238 shares during the period. Public Sector Pension Investment Board grew its position in The Carlyle Group by 6.0% during the 2nd quarter. Public Sector Pension Investment Board now owns 30,772 shares of the financial services provider’s stock worth $1,235,000 after purchasing an additional 1,735 shares during the last quarter. Bank of Montreal Can increased its stake in The Carlyle Group by 0.7% in the second quarter. Bank of Montreal Can now owns 245,091 shares of the financial services provider’s stock valued at $10,010,000 after purchasing an additional 1,750 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its holdings in shares of The Carlyle Group by 74.2% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 44,984 shares of the financial services provider’s stock valued at $1,806,000 after buying an additional 19,160 shares during the last quarter. Finally, Toronto Dominion Bank grew its holdings in shares of The Carlyle Group by 1.3% during the second quarter. Toronto Dominion Bank now owns 50,268 shares of the financial services provider’s stock worth $2,018,000 after buying an additional 639 shares during the last quarter. 55.88% of the stock is owned by hedge funds and other institutional investors.

The Carlyle Group Price Performance

CG opened at $55.76 on Tuesday. The Carlyle Group Inc. has a 1 year low of $36.65 and a 1 year high of $57.34. The company has a debt-to-equity ratio of 1.38, a quick ratio of 2.32 and a current ratio of 2.32. The company’s 50 day simple moving average is $52.59 and its 200 day simple moving average is $47.63. The stock has a market capitalization of $19.94 billion, a PE ratio of 192.28, a P/E/G ratio of 0.99 and a beta of 1.69.

The Carlyle Group (NASDAQ:CG) last announced its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $0.95 EPS for the quarter, topping the consensus estimate of $0.87 by $0.08. The company had revenue of $895.00 million during the quarter, compared to analyst estimates of $908.17 million. The Carlyle Group had a return on equity of 24.91% and a net margin of 2.21%. The firm’s revenue was up 15.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.87 earnings per share. As a group, sell-side analysts expect that The Carlyle Group Inc. will post 3.8 EPS for the current year.

Wall Street Analysts Forecast Growth

CG has been the topic of several recent research reports. Morgan Stanley boosted their price objective on shares of The Carlyle Group from $46.00 to $50.00 and gave the company an “equal weight” rating in a research note on Thursday, October 10th. Keefe, Bruyette & Woods increased their price target on shares of The Carlyle Group from $51.00 to $55.00 and gave the stock a “market perform” rating in a report on Friday, November 8th. Wells Fargo & Company lifted their price objective on The Carlyle Group from $54.00 to $56.00 and gave the company an “equal weight” rating in a report on Thursday, December 12th. Wolfe Research raised The Carlyle Group from a “peer perform” rating to an “outperform” rating and set a $60.00 target price for the company in a research note on Friday, January 3rd. Finally, Oppenheimer lifted their price target on The Carlyle Group from $78.00 to $85.00 and gave the company an “outperform” rating in a research note on Monday, November 11th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $54.44.

Insider Buying and Selling at The Carlyle Group

In other news, Director Daniel A. D’aniello sold 495,542 shares of the company’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $51.53, for a total value of $25,535,279.26. Following the completion of the transaction, the director now directly owns 32,504,102 shares in the company, valued at approximately $1,674,936,376.06. This represents a 1.50 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 27.20% of the stock is currently owned by corporate insiders.

The Carlyle Group Company Profile

The Carlyle Group Inc is an investment firm specializing in direct and fund of fund investments. Within direct investments, it specializes in management-led/ Leveraged buyouts, privatizations, divestitures, strategic minority equity investments, structured credit, global distressed and corporate opportunities, small and middle market, equity private placements, consolidations and buildups, senior debt, mezzanine and leveraged finance, and venture and growth capital financings, seed/startup, early venture, emerging growth, turnaround, mid venture, late venture, PIPES.